XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
4 Months Ended 5 Months Ended 9 Months Ended
Apr. 28, 2017
Sep. 30, 2017
Sep. 30, 2016
Successor      
Cash flows from operating activities:      
Net income (loss)   $ 748,000  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization   12,186,000  
Non-cash reorganization items   0  
Impairment of oil and gas properties   0  
Abandonment and impairment of unproved properties   0  
Well abandonment costs and dry hole expense   74,000  
Stock-based compensation   10,595,000  
Amortization of deferred financing costs and debt premium   0  
Derivative loss   2,762,000  
Derivative cash settlements   0  
Other   7,000  
Changes in current assets and liabilities:      
Accounts receivable   (2,027,000)  
Prepaid expenses and other assets   (80,000)  
Accounts payable and accrued liabilities   (11,910,000)  
Settlement of asset retirement obligations   (936,000)  
Net cash (used in) provided by operating activities   11,419,000  
Cash flows from investing activities:      
Acquisition of oil and gas properties   (5,074,000)  
Exploration and development of oil and gas properties   (42,355,000)  
Payments of contractual obligation   0  
(Increase) decrease in restricted cash   (12,000)  
Additions to property and equipment - non oil and gas   (667,000)  
Net cash used in investing activities   (48,108,000)  
Cash flows from financing activities:      
Proceeds from credit facility   0  
Payments to credit facility   0  
Proceeds from sale of common stock   0  
Payment of employee tax withholdings in exchange for the return of common stock   (2,398,000)  
Deferred financing costs   0  
Net cash (used in) provided by financing activities   (2,398,000)  
Net change in cash and cash equivalents   (39,087,000)  
Cash and cash equivalents:      
Beginning of period   70,183,000  
End of period $ 70,183,000 31,096,000  
Supplemental cash flow disclosure:      
Cash paid for interest   455,000  
Cash paid for reorganization items   0  
Changes in working capital related to drilling expenditures   9,325,000  
Predecessor      
Cash flows from operating activities:      
Net income (loss) 2,660,000   $ (131,616,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 28,065,000   84,602,000
Non-cash reorganization items (44,160,000)   0
Impairment of oil and gas properties 0   10,000,000
Abandonment and impairment of unproved properties 0   24,463,000
Well abandonment costs and dry hole expense 2,931,000   905,000
Stock-based compensation 2,116,000   7,249,000
Amortization of deferred financing costs and debt premium 374,000   2,705,000
Derivative loss 0   11,724,000
Derivative cash settlements 0   15,749,000
Other 18,000   127,000
Changes in current assets and liabilities:      
Accounts receivable (6,640,000)   29,442,000
Prepaid expenses and other assets 963,000   (1,047,000)
Accounts payable and accrued liabilities (5,880,000)   (23,252,000)
Settlement of asset retirement obligations (331,000)   (473,000)
Net cash (used in) provided by operating activities (19,884,000)   30,578,000
Cash flows from investing activities:      
Acquisition of oil and gas properties (445,000)   (919,000)
Exploration and development of oil and gas properties (5,123,000)   (47,491,000)
Payments of contractual obligation 0   (12,000,000)
(Increase) decrease in restricted cash 118,000   (7,707,000)
Additions to property and equipment - non oil and gas (454,000)   (106,000)
Net cash used in investing activities (5,904,000)   (68,223,000)
Cash flows from financing activities:      
Proceeds from credit facility 0   209,000,000
Payments to credit facility (191,667,000)   (58,667,000)
Proceeds from sale of common stock 207,500,000   0
Payment of employee tax withholdings in exchange for the return of common stock (427,000)   (283,000)
Deferred financing costs 0   (316,000)
Net cash (used in) provided by financing activities 15,406,000   149,734,000
Net change in cash and cash equivalents (10,382,000)   112,089,000
Cash and cash equivalents:      
Beginning of period 80,565,000 $ 70,183,000 21,341,000
End of period 70,183,000   133,430,000
Supplemental cash flow disclosure:      
Cash paid for interest 3,509,000   39,235,000
Cash paid for reorganization items 52,968,000   0
Changes in working capital related to drilling expenditures $ 3,360,000   $ (27,952,000)